Resource World Magazine

36 www.resourceworld.com A P R I L / M A Y 2 0 2 0 SOUTHERN BC name change to Kodiak Copper. The company has reported results from the first drill program on the MPD Project that returned 102 metres grading 0.68% copper equivalent. Neighbouring opera - tions have average grades ranging between 0.25 and 0.30% copper. The large por- phyry system at MPD is wide open and the 2020 exploration program will focus on defining established drill targets. The New Destiny Mining Corp. [NED- TSXV] Treasure Mountain property 30 km east of Hope covers geologically prospective ground adjacent to the historic Treasure Mountain silver-lead-zinc mine. The claims cover eight mineral occurrences includ- ing silver, gold, lead, zinc and copper, and numerous historic mine adits and trenches. The prospect was drilled last year and future work will be subject to financing. Gold and copper producer, New Gold Inc. [NGD-TSX; NYSE American], owns the New Afton Mine 10 km west of Kamloops which began commercial pro - duction in July 2012. The underground operation is expected to produce on aver- age 85,000 oz gold and 75 million lbs of copper per year over its mine life. The mine occupies the site of the historic Afton Mine and includes an open pit, underground workings, historic support facilities, a new concentrator and recently constructed tailings facility. With a portfolio of gold projects in Burkina Faso, Nexus Gold Corp. [NXS- TSXV; NXXGF-OTCQB; N6E-FSE] also holds the New Pilot gold-copper property located in the Bridge River Mining Camp approximately 180 km north of Vancouver. The project is relatively close to the past producing Bralorne Pioneer Mine 18 km to the southeast. For the moment, the com - pany's activities have been confined to the Red Lake mining camp and Burkina Faso. Nicola Mining Inc. [NIM-TSXV; HUSIF-OTC is focused on its wholly- owned Treasure Mountain Property in the Merritt area which includes a fully- permitted high-grade silver mine located approximately 90 minutes from the former Craigmont mill. Recent work included soil sampling and rock sampling, with one sample returning 813 g/t Ag and 0.518 g/t Au along with 19% zinc and 4.66% cop - per. The sample appears to be from the same Cal Vein system that was tested in 2010 and 2013 which also provided high- grade assays. Nicola is also exploring the 100%- owned, past-producing Craigmont copper mine ground – now named New Craigmont – that has returned encouraging drill results. Historic resource calculations of the No. 3 mineralized body calculated a probable reserve of 1,290,000 tonnes grad - ing 1.53% copper. The company operates a gold mill nearby on a custom milling basis for its clients. Integrated mining company Nyrstar NV [NYRSF-OTC; NYR-Brussels] owns the currently dormant and historic Myra Falls zinc-copper-lead-silver mine in a provin - cial park in central Vancouver Island. The Myra Falls mineral deposits are comprised of complex metal-zoned Volcanogenic Massive Sulfide deposits. The company had previously announced a resumption of operations which appears to have been delayed by declining metal prices. Omineca Mining and Metals Ltd. [OMM-TSXV; OMMSF-OTC] is focused on commercial extraction of alluvial gold that has been trapped underneath a por - tion of Lightning Creek in south-central BC. Utilizing a freeze technology to safely access the placer channel below the river, gold will be extracted from the gravels by wash plant and gravity separation using an existing, reusable water supply. The extraction process will use no chemi - cals, no leaching, no mill and no waste or tailings will be produced. Omineca has become one of the dominant placer development and lode gold exploration companies in the heart of the historic Cariboo Mining District of BC. With a name befitting its business, Osisko Gold Royalties Ltd. [OR-TSXV; NYSE] holds a North American focused portfolio of over 135 royalties, streams and precious metal offtakes. Osisko's port - folio is anchored by its 5% NSR royalty in the Canadian Malartic Mine which is the largest gold mine in Canada. Last September, Osisko announced the takeover of Barkerville Gold Mines and its Cariboo gold project which has measured and indi - cated resources of 2.4 million ounces gold (13.2 million tonnes grading 5.6 g/t gold). In 2020, one of Osisko's primary objec - tives will be to obtain third-party funding for the Cariboo Project while concurrently using the company's expertise in explora - tion, permitting, mine development, and mine finance to keep advancing the project. Pinnacle North Gold Corp. [PGG-CSE] has filed a prospectus with regulators and intends to explore its Donna property within the Intermontane Belt of south- central BC. The property was drilled by Eagle Plains Resources in 2019, with the hole stopping in a zone of alteration that demonstrated the potential for intersect - ing deeper intrusion-skarn and/or a source for the mineralized quartz veining open at depth. The Donna property is considered highly prospective for epithermal vein and intrusion-related, precious-base metal mineralization. PJX Resources Inc.'s [PJX-TSXV] pri - mary exploration projects are located in the historical mining area of Cranbrook and Kimberley, a region that hosts the his- toric and famous Sullivan lead-zinc mine which produced zinc, lead and silver for 90 years. PJX owns mineral title to eight properties aggregating over 50,000 hect- ares in the camp. The company plans to continue drill- ing the recently identified new massive sulphide zone with zinc-lead-copper-silver mineralization on the Vine property in addition to testing high-grade gold zones on its Gold Shear prospect. Multiple tar - gets exist on other properties that will also be followed up. Rokmaster Resources Corp. [RKR- TSXV; RKMSF-OTC] is primarily focused on developing its new massive sulphide gold and polymetallic Revel Ridge Project, formerly named the J&L property, along with its zinc-lead-silver Duncan Lake Project, both of which are located in south-central BC. The company can earn 100% from Huakan International Mining in Revel

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